Auto Data Processing (ADP) Shareholder Zevin Asset Management Decreased Position by $3.77 Million; Sir Capital Management LP Stake in Continental Resources (CLR) Has Cut as Share Price Rose

June 3, 2018 - By Winifred Garcia

Automatic Data Processing, Inc. (NASDAQ:ADP) Logo

Vince Maddi decreased its stake in Continental Resources Inc (CLR) by 67.54% based on its latest 2018Q1 regulatory filing with the SEC. Sir Capital Management Lp sold 276,968 shares as the company’s stock rose 28.64% while stock markets declined. The hedge fund run by Vince Maddi held 133,100 shares of the energy company at the end of 2018Q1, valued at $7.85 million, down from 410,068 at the end of the previous reported quarter. Sir Capital Management Lp who had been investing in Continental Resources Inc for a number of months, seems to be less bullish one the $25.35B market cap company. The stock increased 1.23% or $0.83 during the last trading session, reaching $68.17. About 2.61M shares traded or 15.80% up from the average. Continental Resources, Inc. (NYSE:CLR) has risen 61.38% since June 3, 2017 and is uptrending. It has outperformed by 48.81% the S&P500.

Zevin Asset Management Llc decreased its stake in Auto Data Processing (ADP) by 15.75% based on its latest 2018Q1 regulatory filing with the SEC. Zevin Asset Management Llc sold 33,360 shares as the company’s stock rose 10.81% while stock markets declined. The institutional investor held 178,417 shares of the technology company at the end of 2018Q1, valued at $20.25M, down from 211,777 at the end of the previous reported quarter. Zevin Asset Management Llc who had been investing in Auto Data Processing for a number of months, seems to be less bullish one the $58.47 billion market cap company. The stock increased 2.08% or $2.71 during the last trading session, reaching $132.73. About 1.93 million shares traded. Automatic Data Processing, Inc. (NASDAQ:ADP) has risen 29.15% since June 3, 2017 and is uptrending. It has outperformed by 16.58% the S&P500.

Investors sentiment decreased to 0.72 in 2018 Q1. Its down 0.08, from 0.8 in 2017Q4. It fall, as 55 investors sold ADP shares while 461 reduced holdings. 88 funds opened positions while 285 raised stakes. 339.11 million shares or 0.28% more from 338.15 million shares in 2017Q4 were reported. Burke Herbert Bankshares Tru Communications accumulated 4,342 shares. Aristotle Cap Management Ltd Liability Corp stated it has 400 shares or 0% of all its holdings. Daiwa Securities Gp reported 43,224 shares stake. Commerzbank Aktiengesellschaft Fi invested in 0.01% or 11,810 shares. Utd Advisers Limited Liability owns 27,592 shares. 49,681 are held by Reilly Herbert Faulkner Iii. Kentucky Retirement reported 23,133 shares stake. Pittenger Anderson holds 33,650 shares. Jane Street Gp Limited Liability Co holds 6,394 shares. Vantage Investment Advisors Ltd Company has 41,004 shares. Moreover, Zwj Invest Counsel Inc has 0.07% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 7,145 shares. Hm Payson Communication has 0.23% invested in Automatic Data Processing, Inc. (NASDAQ:ADP) for 50,178 shares. Contravisory Inv, Massachusetts-based fund reported 68 shares. Main Street Research Limited Com holds 0.1% in Automatic Data Processing, Inc. (NASDAQ:ADP) or 5,830 shares. Oregon-based Pioneer Retail Bank N A Or has invested 0.15% in Automatic Data Processing, Inc. (NASDAQ:ADP).

Analysts await Automatic Data Processing, Inc. (NASDAQ:ADP) to report earnings on July, 26. They expect $0.89 EPS, up 36.92% or $0.24 from last year’s $0.65 per share. ADP’s profit will be $392.06M for 37.28 P/E if the $0.89 EPS becomes a reality. After $1.52 actual EPS reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts -41.45% negative EPS growth.

Among 19 analysts covering Automatic Data (NASDAQ:ADP), 5 have Buy rating, 2 Sell and 12 Hold. Therefore 26% are positive. Automatic Data had 64 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, December 16 by Goldman Sachs. The stock has “Hold” rating by Robert W. Baird on Wednesday, January 31. Compass Point initiated the shares of ADP in report on Friday, April 15 with “Sell” rating. On Friday, May 4 the stock rating was maintained by Bank of America with “Buy”. Argus Research maintained the stock with “Buy” rating in Tuesday, May 3 report. BMO Capital Markets maintained the shares of ADP in report on Friday, July 28 with “Outperform” rating. The stock of Automatic Data Processing, Inc. (NASDAQ:ADP) has “Outperform” rating given on Friday, November 3 by BMO Capital Markets. The rating was maintained by Stifel Nicolaus on Tuesday, October 3 with “Hold”. RBC Capital Markets upgraded Automatic Data Processing, Inc. (NASDAQ:ADP) on Monday, April 2 to “Buy” rating. As per Tuesday, July 18, the company rating was downgraded by Barclays Capital.

Since December 31, 2017, it had 0 buys, and 27 insider sales for $43.50 million activity. 947 shares were sold by Albinson Brock, worth $115,319 on Monday, January 22. 48,989 shares were sold by Siegmund Jan, worth $5.68 million on Monday, January 1. Shares for $184,720 were sold by Dyson Deborah L on Tuesday, January 2. Shares for $92,720 were sold by Perrotti Thomas J. Weinstein Donald sold $405,250 worth of Automatic Data Processing, Inc. (NASDAQ:ADP) on Wednesday, January 31. Another trade for 7,886 shares valued at $928,498 was sold by Flynn Edward B III.

More notable recent Automatic Data Processing, Inc. (NASDAQ:ADP) news were published by: Prnewswire.com which released: “May 2018 ADP National Employment Report®, ADP Small Business Report® and ADP National Franchise Report® to …” on May 16, 2018, also Prnewswire.com with their article: “The Future of Pay is Here! New ADP Innovation Helps Employers Tailor Payments to the Preferences of All Employees” published on May 14, 2018, Streetinsider.com published: “Sachem Head Capital Enters ADP (ADP), PagSeguro Digita (PAGS), WorldPay (WP) (more…) – 13F” on May 15, 2018. More interesting news about Automatic Data Processing, Inc. (NASDAQ:ADP) were released by: Bizjournals.com and their article: “ADP: Fewer jobs created in May than over the last several months” published on May 30, 2018 as well as Prnewswire.com‘s news article titled: “ADP Ranks in Top 10 of Working Mother’s 2018 Best Companies for Multicultural Women” with publication date: May 08, 2018.

Analysts await Continental Resources, Inc. (NYSE:CLR) to report earnings on August, 14. CLR’s profit will be $241.73 million for 26.22 P/E if the $0.65 EPS becomes a reality. After $0.68 actual earnings per share reported by Continental Resources, Inc. for the previous quarter, Wall Street now forecasts -4.41% negative EPS growth.

More news for Continental Resources, Inc. (NYSE:CLR) were recently published by: Seekingalpha.com, which released: “Continental Resources Making Several Smart Moves” on May 18, 2018. Seekingalpha.com‘s article titled: “High Liner Foods Inc – Spoiling A Fish Story” and published on May 29, 2018 is yet another important article.

Among 42 analysts covering Continental Resources Inc. (NYSE:CLR), 29 have Buy rating, 0 Sell and 13 Hold. Therefore 69% are positive. Continental Resources Inc. had 177 analyst reports since July 21, 2015 according to SRatingsIntel. Seaport Global upgraded the stock to “Neutral” rating in Tuesday, December 19 report. Piper Jaffray maintained the stock with “Buy” rating in Thursday, October 5 report. As per Thursday, May 24, the company rating was maintained by Morgan Stanley. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Overweight” rating by Barclays Capital on Monday, November 20. The stock of Continental Resources, Inc. (NYSE:CLR) has “Buy” rating given on Friday, April 13 by RBC Capital Markets. Piper Jaffray upgraded Continental Resources, Inc. (NYSE:CLR) on Tuesday, August 15 to “Buy” rating. The stock of Continental Resources, Inc. (NYSE:CLR) has “Buy” rating given on Friday, April 21 by Barclays Capital. As per Thursday, February 22, the company rating was maintained by Deutsche Bank. Bank of America maintained the shares of CLR in report on Wednesday, November 8 with “Buy” rating. Bank of America upgraded the stock to “Buy” rating in Tuesday, January 5 report.

Investors sentiment decreased to 0.99 in Q1 2018. Its down 0.06, from 1.05 in 2017Q4. It dropped, as 36 investors sold CLR shares while 110 reduced holdings. 55 funds opened positions while 89 raised stakes. 82.48 million shares or 1.28% more from 81.44 million shares in 2017Q4 were reported. Hodges Cap Mngmt holds 0.06% or 13,590 shares. Piedmont Investment Advsrs Lc holds 0.01% or 8,086 shares in its portfolio. 20,247 are held by Tudor Inv Et Al. Commercial Bank Of Montreal Can has 255,849 shares. Cornerstone Advsr invested 0% in Continental Resources, Inc. (NYSE:CLR). Meiji Yasuda Life Ins has 9,810 shares for 0.09% of their portfolio. Panagora Asset Management reported 17,670 shares stake. Confluence Investment Mgmt Ltd stated it has 0% of its portfolio in Continental Resources, Inc. (NYSE:CLR). Kingdon Cap Mgmt Limited Liability Company owns 336,937 shares. Advisory Services Limited Liability Corporation owns 1,205 shares. Amundi Pioneer Asset Management has 0.03% invested in Continental Resources, Inc. (NYSE:CLR). Van Eck Assocs invested 0.01% in Continental Resources, Inc. (NYSE:CLR). Sg Americas Ltd Liability Corporation holds 8,771 shares or 0% of its portfolio. State Common Retirement Fund reported 0.02% of its portfolio in Continental Resources, Inc. (NYSE:CLR). Bessemer Group Inc has 0.01% invested in Continental Resources, Inc. (NYSE:CLR) for 37,109 shares.

Since December 13, 2017, it had 3 buys, and 11 insider sales for $5.54 million activity. Eissenstat Eric Spencer also sold $560,192 worth of Continental Resources, Inc. (NYSE:CLR) shares. $958,024 worth of stock was sold by MONROE MARK E on Wednesday, December 13. On Thursday, May 10 the insider McNabb John T II sold $205,084. The insider Hart John D sold $696,000. On Monday, March 5 Hamm Harold bought $1.31 million worth of Continental Resources, Inc. (NYSE:CLR) or 25,886 shares. Another trade for 18,000 shares valued at $1.19M was made by Owen Steven K on Monday, May 7.

Sir Capital Management Lp, which manages about $1.60B and $570.18 million US Long portfolio, upped its stake in Pembina Pipeline Corp (NYSE:PBA) by 521,673 shares to 1.12 million shares, valued at $34.85 million in 2018Q1, according to the filing. It also increased its holding in Mrc Global Inc (NYSE:MRC) by 185,080 shares in the quarter, for a total of 359,800 shares, and has risen its stake in Ashland Global Hldgs Inc.

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